Kingston Communications is an established UK communications company. The Group's national business-to-business capabilities encompass the provision of fully integrated and managed network solutions, complemented by the delivery of voice, data and call handling services in the towns and cities served by the Kingston Communications network. This infrastructure comprises twenty-five metropolitan fibre networks and a long distance broadband network, which was initiated for service in May 2001. Kingston's new media activities include the DSL-based interactive television service, KIT, and satellite broadband content, storage and distribution arm, Kingston inmedia. The Group's East Yorkshire network operation has served business and residential customers since 1904.

No they are not out of the way yet but with Deutsche Bank expected to complete a placing of all HCC shares today it wont be long.
With a good cash generating residential business it is thought that a private equity group may step in. If they do the previous sp offered by Carlyle could be breached.
If a PEG step into the bidding, things could hot up very quickly.
All supposition obviously.

cynic
As greekman says DB going through the selling process at the moment - so should know Thurs/Fri what HCC got for their holding - not much, considering - but serves 'em right - they could have got a lot more than 85p but that's history now.

Let's see how they fare unshackled - I suspect there will be lots of mileage for the Hull Daily Mail to beat HCC up with in the coming months/years.

So much for Municipal enterprise - Joe Chamberlain will be turning in his grave :)

PXC is a better gamble on t/o front .... at leasst they are actually working on a deal (Tiscali + BT) whereas KCOM is all hypothesis ...... or CW. for a quality company with genuine t/o prospects

Yer payz yer munny n tex yer choice etc.

i have ..... hold both PXC (losing) and CW. (winning) and will (and would) give a miss to (not as strong as "avoid") KCOM

Fair do's - my entry is based on L2 action - looks to me as if 68 is the managed selling price

RESULTS OF PLACING OF SHARES BY KINGSTON UPON HULL CITY COUNCIL IN KINGSTON COMMUNICATIONS (HULL) PLC

Kingston upon Hull City Council ("Hull City Council") is pleased to announce that, further to the announcement on Tuesday 22 May of a proposed placing (the "Placing"), 157,499,999 ordinary shares in Kingston Communications (HULL) PLC ("Kingston Communications") have been successfully placed by Deutsche Bank AG, London Branch ("Deutsche Bank") as bookrunner and Investec and JPMorgan Cazenove as Co-Lead Managers at a price of 68 pence per share.

So within a couple of days or less we will know who to. Not a bad price either.

Spot on mg!!

With the closing SP of 10 times projected 2008 earnings, and with the quick placing of HHC's holdings, I am expecting some very quick news re possible predators.
The mystery is who are the holders of the sold block.

Soon to be released greekman, for us LTH'rs of KCOM a couple of days won't test our patience too much...............we're experts at being patient :-)

"So are the holders of SEO," he said sourly

Fantastic run of 'AT blues' this morning.

I've been in since the start and have now averaged down to 93p . Do you think I'll manage to break even if there's a t/o

in a word .... NO!

petesteve, someone just bought 857,226 then another for 100,000.
Keep travelling hopefully, you have lots of company.

Oh well Wil just have to hope for the best

no you don't ...... you could very easily take your money and invest (better) elsewhere

Are you advising that cynic?

it is PROBABLY what I would do, or more precisely, what I actually did about a year ago when HCC were in intransigent mood .... It MAY be that there is a predator in the wings, but it is a dangerous if not foolish to invest on such probability

cynic, I invested in KCOM as an investment, a takeover would be as is always a bonus.